From American Banker
''We simply have to face the fact that banking is fundamentally risky. As I decided long ago when working in banks, the reason we needed to wear dark suits and have classic buildings was to look conservative in order to offset the real riskiness of what we were doing.
Carmen Reinhart and Kenneth Rogoff, in their book "This Time Is Different," point out that no country in the world has figured out how to avoid periodic crises in banking.''
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